The Most Recent Data Indicates Households in the Top Fifth

question 50

True/False

The most recent data indicates households in the top fifth of the income distribution earn nearly ten times as much income as those in the bottom fifth.

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Definitions:

Proportional

Characterized by a constant ratio or relation in degree or number between two or more quantities; directly comparative in size, degree, or amount.

Progressive

Pertaining to a tax system where the tax rate increases as the taxable base amount increases, often aimed at ensuring fairness in taxation.

Progressive

A political and social philosophy advocating for reforms and changes that aim towards greater equality and the improvement of public welfare.

Regressive

A tax system in which the tax rate decreases as the taxable amount increases, placing a higher burden on lower-income earners.